THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN Charity Registration No 216439 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN Contents Page Trustees, Report Accountants, Report Income and Expenditure Account Balance Sheet Notes to the Financial Statements Page I THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities, Part 15 the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice. Objectives Of The Charity The object of the charity is to provide school facilities and grants for Polish youth and children. Trustees The following were trustees of the charity throughout the year: Marek Banasiak Ewa Fuglewicz Jeremi Reda Andrzej Suchcitz This report was approved on behalf of the Board on the 17 April 2025 Marek Banasiak Trustee Page 2 ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE UNDAUDITED ACCOUNTS OF THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examinerfs Report to the trustees of the charity Report of the Independent Examiner to the trustees on the accounts of 31 December 2024 I report to the charity trustees on my examination of the accounts of The Association of the Friends of Polish Children {the Trust) for the year ended 31 December 2024 Respective responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'i. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5){bl of the Act. Independent Examiner's Statement, report and opinlon Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, I can confirm that this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection {5}(b) of that section which are applicable, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements (il to keep accounting records in accordance with section 130 of the Act., {ii> to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and., {iii} that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities have not been met., William Mantz Chartered Accountant SCAEW 90 Brixton Hill Brixton London SW2 1QN The date upon which my opinion is expressed is.. 17 April 2025 Page 3 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Incoming Resoures School Fees Rent Received Grants Received Donations Received Interest Income 61,583 58,163 5,837 1,646 10,808 138,037 51,088 57,829 3,951 3,317 3,796 119,981 Resources Expended Cost of generating funds Premises cost Purchases & events costs Leased equipment 17,271 25,857 7,640 7,993 43,128 15,633 Charitable Expenditure Staff costs Professional fees Administration expenses Total Resources Expended 46,704 3,976 9,859 60,539 41,671 3,254 7,111 52,036 Net Movement In Funds 34,370 52,312 Total funds at 31 December 396,783 362,413 All income and expenditure on ordinary activities are attributable to continuing operations, The trustees has no recognised gains or losses other than the income for the year. Page 4 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Fixed Assets Freehold Property 4,254 4,254 4,254 4,254 Current Assets Bank & Cash 396,132 361,751 Current Liabilities Creditors: Amounts falling due within one year 3,603 3,592 Net Current Assets 392,529 358,159 Net Assets 396,783 362,413 Unrestricted Funds Accumulated Fund Excess Income l (Expenditure) For The Year 362,413 34,370 310,101 52,312 396,783 362,413 In preparing these fman¢ial 51atements'. For the y¢ar ended 31 Deceniber 2024 the charity was entitled to exemption from audit und¢r section 477 of the c.ompanies Act 2006 relating to small companies. The Trustees responsibilities. The meiiibers have Iiot i'equired the coinpany to obtain an audit of its accounts for the y¢ar in question in accordallce with Section 476. The Trusteknb acknowledge their responsibilities for complying with the requirements of the Act with respect to accountiiig records and the preparation of accounts. These accounts have been prepared in accordance with tlie provisions applicable to companies subject to the small conipaiiies regiiiie. The accounts were approved by the board on the 17 April 2025 and signed on its behalf. Marek Banasiak The notes on page 5 forn] part of these ac.counts. Pag¢ 5 THE ASSOCIATION OF THE FRIENDS OF POLISH CHILDREN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting Policies Basis Of Preparation Of Accounts The accounts have been prepared under the historical cost convention using the following accounting policies. Income Resources and Expenditure Income and expenditure is included on an accruals basis and is allocatted to the different categories of the Statement of Financial Activities on a basis which reflects the day to day operations of the charity. Cashflow The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that is a small company.